Nitesh Estates has redeemed 700 Non Convertible Debentures (unlisted NCDs) out of 1,250 Non Convertible Debentures held by IDFC for the aggregate value of Rs 70 crore.
Earlier in August, the company had decided to sell off the 4 acres of the land parcel located at Kakanad village in Kochi, Kerala. The company had finalized the same with a third party for a total consideration of Rs 26.50 crore.
Nitesh Estates is a leading integrated property development company headquartered in Bangalore. The company provides world-class products and services and has presence across four asset class - Homes, Hotels, Office Buildings, and Shopping Malls.